MATERIALITY MATTERS (cont’d) SUSTAINABILITY STATEMENT IP DEVELOPMENT IP PROTECTION MYEG, in collaboration with the Institute of Industrial Internet and Internet of Things of the China Academy of Information and Communications Technology, established an international extension of China’s national blockchain network, Xinghuo BIF, by introducing backbone and supernodes outside China known as Zetrix. Under Zetrix, blockchain-based Identifiers / Verifiable Credentials and blockchain-based E-signing services had been introduced. Zetrix had also launched the pilot for its cross-border trade financing solution, Zetrix TradeFi. On 30 March 2023, MYEG has signed a partnership agreement with East Logistic-Link Co., Ltd, a whollyowned agency of the General Administration of Customs of the People’s Republic of China, to jointly provide a full suite of cross-border trade facilitation services that include certificates of origin on the Zetrix blockchain platform. Other certificates like food safety, quarantine, and bill of lading can also be issued on the chain. This will enable all data in these certificates to be available accurately in near real-time, hence, increasing the efficiency of tariff computation and customs clearance, especially for trade within the RCEP. MYEG received JPJ’s approval to kickstart Proof of Concept (“POC”) to set up an Automated Training and Driving Test System (“e-Testing”), which aims to better assess the competencies of candidates undergoing the Drivers’ Learning Education Curriculum. Zetrix was chosen by the Chinese Government as a component of its government-to-government (“G2G”) programme. Initiated by the China’s Ministry of Science and Technology (“MOST”), Malaysia is one of the 14 countries participating in the programme. The China-Malaysia G2G cooperation covers four sectors, including public health (such as vaccine research and development), Artificial Intelligence (“AI”), Information and Communications Technology (“ICT”) (blockchain, big data, etc.), as well as space remote sensing technology. 83
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